Q1. - (Topic 2)
Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project's threats and opportunities.
A. change budget
B. project budget
C. project's cost tolerance
D. project's risk tolerance
Answer: B
Q2. - (Topic 2)
How many management stages should a PRINCE2 project consist of?
A. Start up stage, initiation stage and at least one other management stage to cover the remainder of the project
B. Start up stage, at least one other management stage to cover the remainder of the project and a closing stage
C. Initiation stage and at least one other management stage to cover the remainder of the project
D. Start up stage, initiation stage and a closing stage
Answer: C
Q3. - (Topic 1)
Which is an objective of the Closing a Project process?
A. Review and approve the plan for project closure
B. Review the performance of the project against its baseline
C. Perform any post-project reviews
D. Create a Benefits Review Plan
Answer: B
Q4. - (Topic 2)
Which is shown in a product breakdown structure?
A. Management stages, major products and control points
B. In which order the products should be created
C. The major products that are to be developed in a plan
D. What resources are required to develop the products
Answer: C
Q5. - (Topic 1)
Which project management team member represents the interest of those who will operate the project's products to realize the benefits after the project is complete?
A. Executive
B. Senior User
C. Senior Supplier
D. Project Manager
Answer: B
Q6. - (Topic 2)
Which activity takes place within the Managing a Stage Boundary process?
A. Produce Highlight Reports
B. Take corrective action within the limits of a stage's tolerance
C. Produce an Exception Plan
D. Authorize a Stage Plan for the next stage
Answer: C